Mohawk Industries, Inc (NYSE: MHK) is 26.99% higher on its value in year-to-date trading and has touched a low of $90.22 and a high of $164.29 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MHK stock was last observed hovering at around $131.22 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $131.43, the stock is -5.58% and -10.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 0.16% at the moment leaves the stock -0.87% off its SMA200. MHK registered 43.36% gain for a year compared to 6-month gain of 13.33%. The firm has a 50-day simple moving average (SMA 50) of $146.7824 and a 200-day simple moving average (SMA200) of $132.4956.
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The stock witnessed a -6.42% loss in the last 1 month and extending the period to 3 months gives it a -11.15%, and is -5.51% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.45% over the week and 2.51% over the month.
Mohawk Industries, Inc (MHK) has around 43300 employees, a market worth around $8.30B and $10.81B in sales. Current P/E ratio is 14.87 and Fwd P/E is 11.87. Profit margin for the company is 5.22%. Distance from 52-week low is 45.67% and -20.00% from its 52-week high. The company has generated returns on investments over the last 12 months (5.72%).
The EPS is expected to grow by 4.80% this year
705.0 institutions hold shares in Mohawk Industries, Inc (MHK), with institutional investors hold 98.21% of the company’s shares. The shares outstanding are 63.10M, and float is at 51.61M with Short Float at 1.66%. Institutions hold 81.18% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.25 million shares valued at $709.57 million. The investor’s holdings represent 9.8065 of the MHK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.26 million shares valued at $370.79 million to account for 5.1245 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.04 million shares representing 4.7669 and valued at over $344.9 million, while JPMORGAN CHASE & CO holds 4.6317 of the shares totaling 2.95 million with a market value of $335.14 million.
Mohawk Industries, Inc (MHK) Insider Activity
The most recent transaction is an insider sale by HELEN SUZANNE L, the company’s Possible Member of Group. SEC filings show that HELEN SUZANNE L sold 2,000 shares of the company’s common stock on Dec 03 ’24 at a price of $135.48 per share for a total of $0.27 million. Following the sale, the insider now owns 2453.0 shares.
Still, SEC filings show that on Sep 09 ’24, HELEN SUZANNE L (Possible Member of Group) disposed off 660 shares at an average price of $151.46 for $99964.0. The insider now directly holds 118,709 shares of Mohawk Industries, Inc (MHK).
